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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Classification of head of income – Merely this scrip was held ...


Court Rules One-Day Scrip Holding Insufficient for Trading Business Classification, Impacting Income Classification Under Tax Law.

October 10, 2013

Case Laws     Income Tax     HC

Classification of head of income – Merely this scrip was held only for one day would not be sufficient to hold that the assessee was in the business of trading in shares - HC

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